U.S. stocks fell slightly as investors worried about the impact of more tightening from China, but continued talks on a possible aid package for Ireland provided some encouragement.
The Dow Jones Industrial Average was down nine points, or 0.1%, to 11172, in recent trading. Walt Disney was the measure’s worst performer with a 1.9% drop, while Bank of America was also weak, off 0.9%. Helping limit the drop, General Electric climbed 1.1% while DuPont rose 0.7%.
The Nasdaq Composite edged down 0.1% to 2512. The Standard & Poor’s 500 index dropped 0.1% to 1195, with its utilities, financial and energy sectors falling while materials and industrials rose.
The activity came as China raised its banks’ reserve requirements for the second time in as many weeks, stepping up the government’s fight against a surprising jump in inflation by withdrawing more cash from the banking system.
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